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republicans have responded to a fiscal cliff counter offer to president obama. eamon javers joins us now from washington with all the details. good evening. >> reporter: good evening. leapt me walk you through the specifics or at least what specifics we have so far from this boehner counter offer and you can see where it falls short from the white house's perspective right in the top line take a look at the details here. boehner and the other house republicans are asking for $800 billion in new tax reform revenue. that's short of the $1.6 trillion that the president would like to see there. also health savings of $600 billion. mandatory savings of $300 billion. revisions of cpa of 200 billion. other discretionary saving 300 billion. they say net savings is $2.2 trillion all told. the white house says this plan is not balanced, and interestingly there's a little side skirmish here between the speaker of the house john boehner and erskine bowls. boehner said this was based on a report that bowles laid out. bawls said no. he said the approach laid out does not repr
republicans have responded to a fiscal cliff counter offer to president obama. eamon javers joins us now from washington with all the details. good evening. >> reporter: good evening. leapt me walk you through the specifics or at least what specifics we have so far from this boehner counter offer and you can see where it falls short from the white house's perspective right in the top line take a look at the details here. boehner and the other house republicans are asking for $800 billion...
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of course, that one day that you actually have president obama and boehner come out on the white house lawn saying they're announcing some kind of a deal, you're probably going to see a sharp rebound on the back end of it. you certainly don't want to miss out. >> jeff, what's the third thing you do? buy cans of tuna fish? >> no, i think you have to watch it. the one thing i would disagree with is i don't like dividend payers right now. i think this idea of rushing to these special dividends could come back to actually backfire on some of these companies if they're not putting their cash to good use. it's almost like they're trying to bar the door to keep investors from going out. i'm a little afraid there. i'm also afraid of munis here. on the back end of this, there's a good chance munis could lose their tax-exempt status. that could cause some problems. they've had great run here. i think they're very susceptible to talks coming from the fiscal cliff. >> i think if they took the tax-exempt status away, we'd all be in trouble. >> then what do you do? >> it's a horrible thing as far as
of course, that one day that you actually have president obama and boehner come out on the white house lawn saying they're announcing some kind of a deal, you're probably going to see a sharp rebound on the back end of it. you certainly don't want to miss out. >> jeff, what's the third thing you do? buy cans of tuna fish? >> no, i think you have to watch it. the one thing i would disagree with is i don't like dividend payers right now. i think this idea of rushing to these special...
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Nov 30, 2012
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obama and mr. boehner? >> it depends on what the headlines are. so the president said the clear majority voted for a balanced approach. but there's a lot of debate about what that means. representative boehner i thought was much more into fighting words over there. listen to what he said. increasing the tax rates is the wrong approach to take. he said there was a stalemate in the talks with the white house. look at the dow industrials. we did move down around 25, 30 points as his comments came out. he said we're almost nowhere in the talks. sitting right near the lows for the day. if you look at the overall sectors that are moving today, pretty much balanced on either side. pretty much even on the balance-decline line. worries about higher taxes on dividend paying stocks seem to be -- >> lows for the day but not violent downstrokes here. >> i think the problem is we'll have trouble moving into positive territory at the close. a lot of concerns about headline risks over the weekend. we could be down 10, 15 on the s&p monday morning on something tha
obama and mr. boehner? >> it depends on what the headlines are. so the president said the clear majority voted for a balanced approach. but there's a lot of debate about what that means. representative boehner i thought was much more into fighting words over there. listen to what he said. increasing the tax rates is the wrong approach to take. he said there was a stalemate in the talks with the white house. look at the dow industrials. we did move down around 25, 30 points as his comments...
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Dec 1, 2012
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so like john boehner said today we're at a stalemate and not really moving forward as president obama would hope. >> all right. many thanks, katy pavlich, appreciate the rundown. >>> both president obama and speaker john boehner took turns today finger pointing on the fiscal cliff talks. take a listen to this. >> it's not acceptable to moo a me to you for members of congress to hold middle class tax cuts to hostage simply because they don't want tax rates on upper income folks to go up. >> the white house spent three weeks trying to develop a proposal, and they send one up here that calls for $1.6 trillion in new taxes, calls for a little not even $400 billion in cuts. it was not a serious proposal. >> all right. so where are we right now? even while the fate of our fragile economy hangs in the fiscal cliff balance, for that let's turn to our distinguished guests. peter goodman. he's the huffington post business editor on a former "new york times"man. we welcome back republican congresswoman nan hayworth and haddy heath, senior policy analyst with the independent women's forum. okay.
so like john boehner said today we're at a stalemate and not really moving forward as president obama would hope. >> all right. many thanks, katy pavlich, appreciate the rundown. >>> both president obama and speaker john boehner took turns today finger pointing on the fiscal cliff talks. take a listen to this. >> it's not acceptable to moo a me to you for members of congress to hold middle class tax cuts to hostage simply because they don't want tax rates on upper income...
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Dec 7, 2012
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team obama and team boehner are back at the negotiating table. but there is still substantial disagreement on tax rates, tax revenues, domestic spending and entitlement reform and the clock is ticking. speaking of tax hikes, europe's grand experiment with taxing the rich more is falling apart, especially in france and britain. and here at home, california and new york are passing through the 50% tax rate barrier. is anybody looking at how tax hikes fail the test of economic growth? >>> back here in the u.s., could it be michigan which used to call itself the worker's paradise union state is now moving towards new anti-union right-to-work legislation and it looks like it's going to pass? but first up, budget talks resume between speaker john boehner and president obama today. with just 25 days to go, let's keep tabs on where we stand. reports of a conservative backlash against speaker boehner simply not true. he has the solid support of his leadership and the rank and file. but there is concern among some in the gop that they are at risk of becomi
team obama and team boehner are back at the negotiating table. but there is still substantial disagreement on tax rates, tax revenues, domestic spending and entitlement reform and the clock is ticking. speaking of tax hikes, europe's grand experiment with taxing the rich more is falling apart, especially in france and britain. and here at home, california and new york are passing through the 50% tax rate barrier. is anybody looking at how tax hikes fail the test of economic growth? >>>...
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Dec 4, 2012
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president obama and john boehner making comments on the issue a short time ago and according to our deal meter, there it is, still only a quarter of the way there. we have got all sides of this story covered. john harwood live at the white house. eamon javers on capitol hill and the president's comments. >> the president gave an interview to our colleagues at bloomberg and said a couple of things. first of all, his priorities now trying to break republicans in their resistance to raising the top rate by some amount, a stance republicans have been consistent on. more revenue, question, not higher rates, he is insisting on that as the price of negotiating with him. and he said the reason for that is if you take all of what can be raised in revenue from deductions that is politically realistic, not trying to take away the mortgage deduction in the face of tremendous resistance from consumers and the housing industry, you can only raise about 300 to $400 billion, but i think that is a promising indication from the president because then if you take, brian, $400 billion in deductions eliminat
president obama and john boehner making comments on the issue a short time ago and according to our deal meter, there it is, still only a quarter of the way there. we have got all sides of this story covered. john harwood live at the white house. eamon javers on capitol hill and the president's comments. >> the president gave an interview to our colleagues at bloomberg and said a couple of things. first of all, his priorities now trying to break republicans in their resistance to raising...
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Nov 30, 2012
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. >> stocks trade on fiscal cliff comments from president obama and john boehner. >> no substantive progress has been made in talks between the white house and the house over the last two weeks. the white house has to get serious. >> republicans know where we stand. we have said it. we've said it. we've said it so many times. >> i think all of us today are confident we can reach a bipartisan agreement by christmastime. >> according to a congressional republican aides who have talked to "the wall street journal," they obtained a copy of the white house prover here in the negotiations. >> do you have faith in any of them to rise above? >> would it be okay to go over? >> we will rise above. >> eamon javers joins us live from washington. they seem farther apart than ever before. the dow is above 13,000 for the first time in several weeks. do you think the markets are reading comments correctly? >> i do think markets have gotten it wrong a lot this week. they have been reacting strongly to things that are boilerplate information and basic statements from congress that we hear all the time and mar
. >> stocks trade on fiscal cliff comments from president obama and john boehner. >> no substantive progress has been made in talks between the white house and the house over the last two weeks. the white house has to get serious. >> republicans know where we stand. we have said it. we've said it. we've said it so many times. >> i think all of us today are confident we can reach a bipartisan agreement by christmastime. >> according to a congressional republican...
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Nov 29, 2012
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obama/boehner comments about a possible agreement. geithner with congressional leaders would set up any kind of good news for a euro to push through that 1.30 level. >> what are your levels? >> i like to go long. actually, i just bought euro literally in my hand held before i sat down at 1.29.70. you want to look for a push through that november triple top high over 1.30. we could target the 1.30, 1.40, the high from october. traditionally in the technical analysis world we have a triple top setting up. those do not hold. i like the trade up towards a test of that october high. >> i'm surprised you don't think the yen is a better trade at the moment. there's a lot of chatter everywhere else about it. >> it's a great point, simon. you know, the boj is doing everything they can to end their 13, 15-year deflationary cycle. my thought on that is you don't get hit by the train you see coming. i feel like the market is so focused on the short yen trade, i think it could work in the short term. you could pair a euro long like i'm talking abo
obama/boehner comments about a possible agreement. geithner with congressional leaders would set up any kind of good news for a euro to push through that 1.30 level. >> what are your levels? >> i like to go long. actually, i just bought euro literally in my hand held before i sat down at 1.29.70. you want to look for a push through that november triple top high over 1.30. we could target the 1.30, 1.40, the high from october. traditionally in the technical analysis world we have a...
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. >> john boehner and president obama speaking by phone, but no announcement of any upcoming face to face budget talks. earlier the president told the business round table that a deal to avoid the fiscal cliff could be reached quickly if republicans drop their opposition to raising tax rates on the wealthy. and in an interview on cnbc, timothy geithner says the gop is making a little bit of practice, but the white house is absolutely ready to go over the cliff if tax rates on the top 2% don't rise. >> our obligation is first do no harl. we need to lift that threat over the economy. and now as part of that, we'd like to put in place as i said a carefully designed mix of reforms to put our fiscal balance in the path of sustainability. as long as there is recognition by the other side that those rates will go up, we think we can reach an agreement on the set of reforms as i said that will be good for the economy. >> republicans were quick to hit back. orrin hatch called them stunning and irresponsible, but there may be more cracks in the ranks. "washington post" reports some moderate an
. >> john boehner and president obama speaking by phone, but no announcement of any upcoming face to face budget talks. earlier the president told the business round table that a deal to avoid the fiscal cliff could be reached quickly if republicans drop their opposition to raising tax rates on the wealthy. and in an interview on cnbc, timothy geithner says the gop is making a little bit of practice, but the white house is absolutely ready to go over the cliff if tax rates on the top 2%...
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sometimes i feel bad for the speaker, speaker boehner. he's caught between the elected obama and the ufrn elected norquist crossfire. there's not a lot of room to maneuver in that space. tuesday we've got two big investor meetings. first there's dell world. dell world? i like kirby's fourth world. there's dell world. is the risk taken out of this one now? it's down so low. or does it even matter? deleveraged buyout as goldman hinted in its sell-buy research upgrade this week? second, there's a -- how many times can you tell us that monster drinks aren't any worse and may actually be better than a cup of joe from starbucks? let us count the ways that this analyst meeting slash lovefest, they will tell you that there's no better way to preserve your heart than to drink a taste of monster every morning. now, analysts will be plenty hopped up when they come out of this meeting because they'll be recommending this stock in high-speed fashion. next on wednesday we're going to get the results from joy global. here's the company that has the best
sometimes i feel bad for the speaker, speaker boehner. he's caught between the elected obama and the ufrn elected norquist crossfire. there's not a lot of room to maneuver in that space. tuesday we've got two big investor meetings. first there's dell world. dell world? i like kirby's fourth world. there's dell world. is the risk taken out of this one now? it's down so low. or does it even matter? deleveraged buyout as goldman hinted in its sell-buy research upgrade this week? second, there's a...
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. >> wonder what boehner and obama talked about on the phone. i think it went something like this. your mother! no, your mother. no, your mother. and then it went back and forth. your mother to infinity. >> no, i think what happened is we realize that there's been an awful lot of theatrics. >> you don't think they said your mother? >> no. >> you don't think they hurled insults at each other? >> no. >> actually, boehner was just a dial tone. you said i'm supposed to do what to myself? no, that's not boehner. >> on the economic front, i guess there are things going on. more employment data on the way. tomorrow the big jobs report and then there was the issue of the fiscal cliff. 11,000 in citigroup. i wonder if we start seeing things before next year. people are not hiring people. >> and we've talked a lot about this, ceos have already had to make their plans known to their boards. so it's had its impact. >> getner says the obama administration is only too willing to go over the qulif. cliff. do they mean marginal rates, or just rates. >> that's what's going to be worked out, the las
. >> wonder what boehner and obama talked about on the phone. i think it went something like this. your mother! no, your mother. no, your mother. and then it went back and forth. your mother to infinity. >> no, i think what happened is we realize that there's been an awful lot of theatrics. >> you don't think they said your mother? >> no. >> you don't think they hurled insults at each other? >> no. >> actually, boehner was just a dial tone. you said i'm...
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to do with what's going on between boehner and obama. >> to some extent that's true. >> reid is the guy that pushed obama to extend the bush tax rates in 2010. so reid would i suspect -- >> i'm starting to like him more. i thought of him as senator pat geary from godfather 2. but everybody loves harry. there's a song everybody loves harry. anybodies that that has anything to do with casinos loves harry. just a quick question. you were a big cap guy for a long time. now dividends rates where going up. are you still a big cap guy? i've been a small cap guy. i'll tell you you why. >> when did you switch? >> this is a while ago. the reason why, number one -- it's a growth story. >> do you like the natural gases play ms in small cap? >> the way we've invested, we haven't been looking at producers. we're looking at users of natural gas. i think that's been a little bit better. >> we'll hit that break at 6:50, the one that we keep -- >> let's do it. >> and write a six minute tease for that break. i'm going to have time to read the entire thing and people at the end of that tease, no one wi
to do with what's going on between boehner and obama. >> to some extent that's true. >> reid is the guy that pushed obama to extend the bush tax rates in 2010. so reid would i suspect -- >> i'm starting to like him more. i thought of him as senator pat geary from godfather 2. but everybody loves harry. there's a song everybody loves harry. anybodies that that has anything to do with casinos loves harry. just a quick question. you were a big cap guy for a long time. now...
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geithner is president obama's lead negotiator in the budget talks. he'll first meet with harry reid at 10:00 followed by john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then he'll meet with house minority leader nancy pelosi. president obama is signaling he's flexible on where tax rate shoes go if the wealthiest americans. return to clinton era tax rates would have house holds playing between 36% to nearly 40%. the president met with a group of ceos wednesday. they offered support for resolving the fiscal cliff crisis with a proposal that includes higher taxes for those who make more than a quarter million dollars a year. >> at this point both sides have acknowledged that there is going to be revenue concessions and there will be entitlement concessions. in fact if you listen to it, again, i'm not a master of the political art here, but i would say if you have these point of views in the business context as close as they are, i would say a deal would be in reach. >> interesting. bill ford jr. agrees with blankfei
geithner is president obama's lead negotiator in the budget talks. he'll first meet with harry reid at 10:00 followed by john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then he'll meet with house minority leader nancy pelosi. president obama is signaling he's flexible on where tax rate shoes go if the wealthiest americans. return to clinton era tax rates would have house holds playing between 36% to nearly 40%. the president met with a group of ceos...
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. >>> meantime, house speaker boehner and president obama speaking on the phone last night about the fiscal cliff. there still seems to be a freeze in the negotiation. >> there's nothing going on privately that's not going on the publicly. >> they've got to come with some specific revenue. they have refused to do that. >> we need that consensual break through. >> although the president seems obsessed on raising taxes for you. >> that is a bad strategy for america, it's a bad strategy for your businesses and it is not a game that i will play. >> is the administration prepared too go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the wealthiest 2%. remember it's only 2%. >> with just 25 days to go, the political satandoff could cost the u.s. millions of jobs. professor, good to have you back, good morning. >> good to be here, thanks. >> good read in the journal yesterday from you and if anybody needed to worry about this more, you invoke carter, you're talking about 1980. kind of scenarios if in fact we go over
. >>> meantime, house speaker boehner and president obama speaking on the phone last night about the fiscal cliff. there still seems to be a freeze in the negotiation. >> there's nothing going on privately that's not going on the publicly. >> they've got to come with some specific revenue. they have refused to do that. >> we need that consensual break through. >> although the president seems obsessed on raising taxes for you. >> that is a bad strategy for...
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yesterday there were a number of high-profile leaders who met with president obama at the white house including goldman sachs' ceo lloyd blankfein. >> at this time there's going to be revenue concessions and entitlement concessions. in fact, if you listen to it, again, i'm not a master of the political earth here. i'm in washington, but i would say if you had these point of views in a business context as close as they are, i would say a deal would be in reach. >> blankfein said that the president's plan is very detailed and seemed credible as you just heard there. let's get a check on the markets. the u.s. markets are indicating higher once again even after those gains yesterday. the dow up by 65 points. overseas in asia we saw some green arrows there as well everywhere except in shanghai. in europe this morning it's more of the same. a lot of what's been happening here influencing what's happening there as well. the footsie is up about 9, 10%. in germany the dax is up by 6/10 of a percent. take a look at tiffany's. this is an outstanding loser. coming in at 49 cent as share. revenue
yesterday there were a number of high-profile leaders who met with president obama at the white house including goldman sachs' ceo lloyd blankfein. >> at this time there's going to be revenue concessions and entitlement concessions. in fact, if you listen to it, again, i'm not a master of the political earth here. i'm in washington, but i would say if you had these point of views in a business context as close as they are, i would say a deal would be in reach. >> blankfein said that...
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that can keep marijuana out of the hands of teens and we hope the federal government and president obama don't stand in the way of progress. >> we'll see what time brings. steve, thanks so much for your time. steve fox, marijuana policy project in washington. >> house speaker john boehner is to speak on the fiscal cliff negotiations in just a few minutes. we'll bring you those comments live as soon as he starts speaking. plus, former ohio governor ted strickland will join us. he says republicans are not acting in the best interest of the country when it comes to the fiscal cliff and explain exactly why he's saying that on cnbc. [ male announcer ] this is joe woods' first day of work. and his new boss told him two things -- cook what you love, and save your money. joe doesn't know it yet, but he'll work his way up from busser to waiter to chef before opening a restaurant specializing in fish and game from the great northwest. he'll start investing early, he'll find some good people to help guide him, and he'll set money aside from his first day of work to his last, which isn't rocket scie
that can keep marijuana out of the hands of teens and we hope the federal government and president obama don't stand in the way of progress. >> we'll see what time brings. steve, thanks so much for your time. steve fox, marijuana policy project in washington. >> house speaker john boehner is to speak on the fiscal cliff negotiations in just a few minutes. we'll bring you those comments live as soon as he starts speaking. plus, former ohio governor ted strickland will join us. he...